SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Cyan, Inc.
22 Mai 2015 - 2:05AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Cyan, Inc. ("Cyan” or "the Company") (NYSE: CYNI) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Ciena Corporation
(“Ciena”).
Click here to learn more about the investigation
http://brodsky-smith.com/928-cyni-cyan-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Cyan shareholders will
receive only cash and stock consideration equal to the value of
0.224 shares of Ciena common stock for each share of Cyan stock
they own. The transaction values Cyan stock at only approximately
$4.75 per share. The investigation concerns whether the Board of
Cyan breached their fiduciary duties to shareholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Ciena is underpaying for Cyan. The
transaction may both undervalue Cyan and would result in a
substantial loss for many holders of Cyan stock. For example, on
May 9, 2013, the same day as the Company’s initial public stock
offering, Cyan stock traded at $11.27 per share.
If you own shares of Cyan and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/928-cyni-cyan-inc.html, or calling toll
free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150521006603/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/928-cyni-cyan-inc.html
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